VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sets New 1-Year Low – Here’s Why

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $19.20 and last traded at $19.21, with a volume of 4,427 shares trading hands. The stock had previously closed at $19.29.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.5%

The firm’s fifty day moving average is $19.63 and its 200 day moving average is $19.94.

Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the 3rd quarter worth $25,000. Mather Group LLC. purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the 3rd quarter worth approximately $48,000. SBI Securities Co. Ltd. acquired a new stake in VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter valued at approximately $98,000. Kingswood Wealth Advisors LLC acquired a new stake in VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter valued at approximately $203,000. Finally, DGS Capital Management LLC acquired a new stake in VanEck Emerging Markets High Yield Bond ETF in the 1st quarter valued at approximately $212,000.

About VanEck Emerging Markets High Yield Bond ETF

The VanEck Emerging Markets High Yield Bond ETF (HYEM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that measures the performance of sub-investment-grade corporate debt from emerging markets. HYEM was launched on May 9, 2012 and is managed by VanEck.